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Sunday 25 June 2017

2017-05-26

[N] Adom FM’s ‘Y3gye y3 sika’ demo attracts over 2,300 protesters
[N] Gun attacks in Tema not robberies – Police
[N] Family of three electrocuted at Kpone
[N] Kufuor commends Raising Readers initiative
[N] Atuguba, Kumbour to speak at maiden revolutionary lecture series
[N] Two defiant galamseyers busted
[N] Fourteen Takoradi fire victims to be transferred to Interbeton
[N] Hajj: Fate of 452 pilgrims ‘left-behind’ in 2016 still hanging
[N] EOCO rescues seven girls
[N] Nana Addo jets off to Liberia today
[N] Don't beg for corrupt officials - President cautions  
[N] Leaked sex tape involving two SHS students goes viral
[N] Man shot in Wa

2017-05-24

[B] Employers’ Association proposes extension of maternity leave by 2 weeks
[B] Producer price inflation drops to 4.8%
[B] EU, GIZ to support skills development with €10.7m
[B] 6 concessionaires to start inspection of ECG assets - Ing. Owura
[N] Man grabbed over Kumasi murder
[N] End cycle of vindictive politics - Nyaho to Akufo-Addo
[N] Values of hard work and honesty fading - Chief Justice
[N] Finance Ministry gives clearance for allied health workers employment
[N] Learn from my mistakes; don’t buy tractors for farmers – Mahama to Akufo-Addo
[N] NDC foot soldiers benefit from LEAP
[N] Phone tracker leads to arrest of robber
[N] Re-arrest Delta Force 8 now - PPP
[N] CEO busted in $1.2m bribery scandal  
[N] Galamsey Queen goes ‘mad’
[N] Police issues crime alert
[N] Man kills sister-in-law
[N] BNI probes 3 Mahama appointees over $4m graft
[N] I was jailed 3 years because of Aisha Huang - Former aide
[N] MP begs Kumbuor over false ‘military galamsey’ claim
[N] Pregnant nurses protesting exam ban won't be victimized
[N] Ghana Gas helicopters not missing – Kwabena Donkor

2017-05-23

[B] Tullow eyes new fields beyond Jubilee & TEN
[B] ECG concession: bidders reduced to 6; MIDA sets eyes on financially viable bidde
[B] Former MP demands details on the 150 investors for ‘1-district, 1-factory'
[B] We need power to turn economy around – Agyarko
[S] Akufo-Addo's changes to ECG 'sale' agreement quite impressive - PUWU
[N] Kumbuor approved military protection for Ukraine, Russia galamseyers – MP
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Business

[ 2017-05-17 ]

Government’s debt to ECG hits 1.6 billion cedis
Government’s total indebtedness to the Electricity
Company of Ghana (ECG) has hit GH¢1,599,800,195 as
at March 2017.

The figure increased from the GH¢1,390,966,034
recorded as at December 2016.

This also represents a 15 percent increase in the
government’s debts owed the power distributor
between 2016 and March this year.

Government subsidy to some electricity consumers
of about 655 million cedis, was the highest
contributor to the debts owed ECG.

According to the ECG, government’s indebtedness
were accounted for by the Ministries, Department
and Agencies (MDAs), Ghana Water Company Limited
(GWCL) as well as the subsidies provided to some
consumers of electricity.

Debts attributable to government’s subsidies to
some electricity consumers rose from
GH¢573,240,363.58 to GH¢654,574,074.70 between
2016 and March this year.

This went up by 81.3 million cedis representing 14
percent increase.

Also, debts attributable to the Ministries,
Department and Agencies went up from
GH¢542,798,426 to GH¢621,470,595 as at March this
year.

The debt went up by 78.6 million cedis
representing an increase of 14.49 percent.

Similarly, debts attributable to the Ghana Water
Company Limited went up from GH¢274,927,244 in
2016 to GH¢323,755,252 as at the end of March this
year.

This category went up by 48.82 million cedis
representing about 18 percent.

Even though the government had made some payments
between January and March this year for debts owed
by the Ministries, Departments and Agencies, it is
yet to make any payments for debts accumulated due
to subsidies, this year.

Meanwhile, for the first five months (first 19
weeks) of 2017, ECG has collected
GH¢1,974,453,288.10 in debts from consumers.

This translates into an average debt collection
figure of GH¢103,918,594 compared to a target of
GH¢130,000,000.

Source - citibsinessnews.com



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